The US Small Business Administration is offering low interest federal disaster loans for working capital to Kentucky small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). The disaster declaration makes SBA assistance available in the entire state of Kentucky. For more information, check the following documents.
If you would like these documents emailed to you, please click here.
Disaster Loan Information
SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment, and inventory and business assets. To access the SBA website, click HERE
Complete the application by clicking HERE
Coronavirus (COVID-19): Small Business Guidance & Loan Resources, click HERE.
Articles about the Paycheck Protection Program:
Understanding the Paycheck Protection Program
CARES Act: Helping Small Business
What is the Paycheck Protection Program? (A Simple Guide)
Intuit has launched a partnership with GoFundMe as an additional resource for small businesses across our nation. This initiative by Intuit encourages local small businesses to set up a GoFundMe page and set a fundraising goal. That goal could essentially be to cover all payroll or business expenses for the next 4 weeks or 8 weeks, etc. The business owner will create the page, set their needed financial goal and then Intuit and the community will be able to donate directly to that business' financial goal. The assistance is not expected to be paid back. For more information, click HERE.